VTEX (NYSE:VTEX) Trading 6.9% Higher - Should You Buy?

Shares of VTEX (NYSE:VTEX - Get Free Report) shot up 6.9% during mid-day trading on Thursday . The company traded as high as $5.26 and last traded at $5.20. 101,665 shares changed hands during trading, a decline of 82% from the average session volume of 564,155 shares. The stock had previously closed at $4.86.

Analyst Upgrades and Downgrades

VTEX has been the topic of several research analyst reports. UBS Group decreased their price target on shares of VTEX from $12.50 to $11.00 and set a "buy" rating on the stock in a research report on Friday, December 20th. Citigroup began coverage on VTEX in a research note on Thursday, December 5th. They issued a "neutral" rating and a $6.70 target price for the company. Finally, JPMorgan Chase & Co. reduced their price objective on shares of VTEX from $9.50 to $9.00 and set an "overweight" rating for the company in a report on Friday, January 10th.

VTEX Trading Down 0.5 %

The company's fifty day moving average price is $5.66 and its two-hundred day moving average price is $6.22. The firm has a market cap of $937.93 million, a P/E ratio of 84.60 and a beta of 1.41.

Institutional Trading of VTEX

Hedge funds and other institutional investors have recently made changes to their positions in the business. Quarry LP lifted its position in shares of VTEX by 105.7% during the third quarter. Quarry LP now owns 3,637 shares of the company's stock worth $27,000 after purchasing an additional 1,869 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in VTEX by 15.8% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,712 shares of the company's stock valued at $157,000 after buying an additional 3,644 shares during the last quarter. Barclays PLC acquired a new stake in shares of VTEX in the 3rd quarter valued at $35,000. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in shares of VTEX in the 4th quarter valued at $33,000. Finally, Point72 Asset Management L.P. raised its position in shares of VTEX by 22.2% during the fourth quarter. Point72 Asset Management L.P. now owns 32,200 shares of the company's stock worth $190,000 after acquiring an additional 5,845 shares during the last quarter. 63.69% of the stock is currently owned by institutional investors and hedge funds.

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VTEX Company Profile

VTEX provides software-as-a-service digital commerce platform for enterprise brands and retailers. Its platform enables customers to execute their commerce strategy, including building online stores, integrating, and managing orders across channels, and creating marketplaces to sell products from third-party vendors.